African railways feel pinch of China’s belt and road funding squeeze

//African railways feel pinch of China’s belt and road funding squeeze

African railways feel pinch of China’s belt and road funding squeeze

More than six years ago, Kenya, Uganda, South Sudan and Rwanda hatched a grand plan to build an ambitious standard gauge railway line linking their countries from the Kenyan coast and eventually stretching to the mineral-rich Democratic Republic of Congo.The rail link was expected to be completed by 2018 but so far only its first phase – from the port city of Mombasa to Kenya’s capital Nairobi and then on to Naivasha, a town in the Central Rift Valley – has been done, with US$4.7 billion…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-19T12:00:19+00:00 December 19th, 2020|Headlines|Comments Off on African railways feel pinch of China’s belt and road funding squeeze